Whenever billionaire investor Carl Icahn took over LNG exporter Cheniere Energy, he fired its CEO Charif Souki and canceled their high priced animal tasks. Souki made a decision to build anyhow, and established their brand brand new company, Tellurian Energy, to make the $30 billion megaterminal Driftwood LNG. Obviously, Cheniere is suing.
Test is scheduled to begin early February in Harris County District Court in Houston in an incident that pits billionaire corporate raider Carl Icahn, 83, against Charif Souki, the trailblazing tycoon of liquefied gas that is natural.
Icahn and Souki, 66, had tangled back 2015 if the investor acquired a 15per cent stake in Cheniere Energy, where Souki had been CEO. Icahn got two seats regarding the board and very quickly had Souki fired. вЂњIn a day they chose to stop all of the jobs, fire me personally and discontinue assets that will happen today that is extremely valuableвЂќ Souki recalled in a payday loans Missouri belated 2019 discussion with Forbes.
Cheniere (market limit $17 billion) has alleged (among a lot of things) that on their way to avoid it, Souki took very early plans for the giant LNG that is new plant and utilized them while the first step toward their brand brand new business, Tellurian Energy (Nasdaq: TELL). Cheniere claims Souki and Tellurian owes $47 million loaned to finance development work that is early.
The task under consideration, called Driftwood LNG, is really a megaplant, become built by Bechtel on 1,000 acres that are currently bare Lake Charles, Louisiana, at a price of $30 billion.